Bel Fuse Acquires E-Power Co.

May 14, 2001 by Jeff Shepard

Bel Fuse Inc. (Jersey City, NJ) announced today that it has acquired E-Power Co. Ltd. (China). E-Power is a current licensor to several of the power conversion industry's leading companies. Terms of the acquisition were not disclosed.

“The E-Power acquisition will significantly speed the development and introduction of cost-effective low power dc/dc converters for the high-volume applications typically used by Bel's established customer base in the telecommunications, networking and computing markets. This is Bel's first China-based design center and we look forward to their assistance in developing these new products and providing on-going engineering and cost control support for our new team in Massachusetts," said Daniel Bernstein, president of Bel. “We anticipate initial shipments of low-cost converter products in

the coming months and expect that the acquisition of E-Power will be accretive to earnings within a year," he said. Bernstein also noted that Bel continues to actively review potential acquisitions.

“This acquisition is the latest step in our efforts to aggressively expand Bel's product offering in the power conversion market," said Marshall Miles, strategic marketing director for Bel. “Bel has the manufacturing resources and the packaging technologies to be a major competitor in the dc/dc market. These recent acquisitions give us the product technology and design resources we were missing."

According to Jeff Shepard, president of the Darnell Group, the annual worldwide

market for dc/dc converter modules is $5.8 billion. “The point-of-load segment that Bel is pursuing with these acquisitions is the fastest-growing segment of the dc/dc market,"

he said. “This is also an area in which their packaging capabilities should serve them well as they compete for market share."